Specialized Laboratory Office
For Sale
$1,399,000
19 Levesque Drive, Eliot, ME 03903
Configured for analytical laboratory work with specialized scientific systems and professional office infrastructure.
Property Size3,420 SF
Price / SF$409.06
Days on Market170
Property Features for 19 Levesque Drive
General Information
Standard status
Active
Size
3,420 SF
Property subtype
Commercial
Lease Term
[]
Amenities
1st Floor 1/2 Bathroom
1st Floor Hrd Surfce Flr
1st Floor Low-Pile Carpet
Access to Parking
Access to Restroom(s)
Accessibility Features
Hard Surface Flooring
Low Pile Carpet
Low Pressure Door Opening
No Stairs
No Stairs from Parking
One-Level Business
Pa
Building Details
Year Built
1985
Buildings
1
Building Size
3,420 SF
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Dover
Listed By:
Darlene Colwell-Ellis · License #042783
(603) 610-8988
Source:
Portsiderealestategroup
Added: Apr 29
Changed: Oct 11
Last Checked: Oct 15 at 12:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Coastal and Lakes & Mountains Realty/Dover
Investment Insights
Based on property information with market context.
This 3,420± SF office building, constructed in 1985, is arranged for specialized laboratory and professional operations. The existing buildout includes analytical laboratory infrastructure, fume hood systems, autosamplers, and scientific equipment such as Waters ACQUITY UPLC systems, a Waters Xevo TQ-XS LC/MS/MS, an Agilent 7850 ICP-MS, an Agilent Intuvo 9000 GC with 5977B GC/MSD, and an Agilent 7697A Headspace Sampler.
The property is located at 19 Levesque Drive within Eliot Commons Professional Park in Eliot, Maine. Its setting provides access to the Maine and New Hampshire Seacoast markets. The configuration supports laboratory and office users requiring specialized improvements already incorporated into the building.
The property is located at 19 Levesque Drive within Eliot Commons Professional Park in Eliot, Maine. Its setting provides access to the Maine and New Hampshire Seacoast markets. The configuration supports laboratory and office users requiring specialized improvements already incorporated into the building.
Key Highlights
- Approximately 3,420± SF office building constructed in 1985
- Analytical laboratory buildout with professional office infrastructure
- Waters ACQUITY UPLC systems and Waters Xevo TQ‑XS LC/MS/MS
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,020
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,120,400
$1.1M
Cap Rate 7%
$800,286
$800.3K
Cap Rate 9%
$622,444
$622.4K
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$85.4K $24.96/SF
− Vacancy
−$10.7K −$3.12/SF
EGI
$74.7K $21.84/SF
− OpEx
−$18.7K −$5.46/SF
NOI
$56.0K $16.38/SF
Area
York County, ME
Vacancy
12.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,120,400
Cap Rate 7%
$800,286
Cap Rate 9%
$622,444
Alternative Uses
Best Use
Office B
$800.3K
$700.3K – $933.7K
NOI $56,020 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$948.6K – $1.26M
NOI $75,889 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 03903, ME
6,717
Population
3,092
Households
2.2
Avg Household Size
48
Median Age
41%
College-Educated
100%
High-School Grad
19.8 sq mi
ZIP Area
339
Density / Sq Mi
$100,472
Median Household Income
$44,375
Median Earnings
$1,837
Median Rent
$465,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Configured for analytical laboratory work with specialized scientific systems and professional office infrastructure.
Where is this office building located?
The property is located at 19 Levesque Drive Eliot, ME.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Approximately 3,420± SF office building constructed in 1985; Analytical laboratory buildout with professional office infrastructure; Waters ACQUITY UPLC systems and Waters Xevo TQ‑XS LC/MS/MS
